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Latest news about Ola Electric Mobility

Ola Electric Launches 0% Commission Model Amid Financial Challenges 7 hours ago Today

Ola Electric Mobility has implemented a nationwide 0% commission model, allowing drivers to keep 100% of their fares. This move comes as the company faces financial difficulties, with its latest quarterly results showing widened losses of Rs 870.00 crore and a 62% year-over-year revenue decline to Rs 611.00 crore. Vehicle deliveries also decreased to 51,375 units from 115,000 in the same quarter last year. Despite these challenges, Ola Electric's annual performance includes 3.59 lakh unit deliveries and an adjusted revenue of Rs 4,665.00 crore.

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Ola Electric Shares Tumble 7% Amid Reports of Hyundai's Stake Sale Jun 03, 2025

More news about Ola Electric Mobility

03Jun 25

Ola Electric Mobility: Hyundai Motor Likely Seller in ₹731 Crore Block Deal

Ola Electric Mobility experienced a significant block deal worth ₹731 crore, involving 14.22 crore shares (3.23% of total equity) at ₹51.40 per share. Market sources suggest Hyundai Motor Company as the likely seller. The transaction led to a 7% decline in Ola's stock price. This deal may impact the company's ownership structure and strategic direction, raising questions about market confidence in the electric vehicle manufacturer.

31May 25

Ola Electric Shares Tumble 4.5% on Weak Q4 Results and Market Share Loss

Ola Electric's shares fell 4.5% following disappointing Q4 results. The company reported widening losses of ₹870.00 crore and a 41.50% revenue decline. Ola also lost market share to competitors TVS and Bajaj Auto in May. Analysts have mixed views: Kotak downgraded the stock to 'Sell' with a ₹30.00 price target, while Goldman Sachs maintains a 'Buy' rating but lowered its target to ₹70.00.

30May 25

Ola Electric Faces Challenges: Revenue Plunges, Losses Widen as Kotak Securities Slashes Target Price

Ola Electric reported a 61.8% year-over-year decline in operating revenue to ₹611.00 crore. Net loss expanded to ₹870.00 crore. Vehicle deliveries dropped to 51,375 units, and market share fell to 18% from 38% a year earlier. Kotak Securities cut Ola's price target by 40% to ₹30. Despite challenges, Ola forecasts Q1 revenue of ₹800.00-850.00 crore with 65,000 vehicle deliveries.

29May 25

Ola Electric Gears Up for In-house Battery Cell Production

Ola Electric plans to begin using its own battery cells in its vehicles within the next few months. This strategic move aims to enhance vertical integration, reduce dependence on external suppliers, and potentially improve vehicle quality and performance. The transition could lead to cost efficiencies, better quality control, customization opportunities, and increased supply chain resilience.

29May 25

Ola Electric Reports Q4 Revenue Decline and Increased Losses, Outlines Future Plans

Ola Electric's Q4 results show a 61.76% year-over-year revenue decline to ₹6.11 billion and doubled net losses to ₹8.70 billion. The company announced plans to improve gross margins to 35% by Q2 FY26, expand Gigafactory production, raise ₹17 billion in non-dilutive debt, and increase warranty provisions by ₹2.50 billion. Some product launches will be delayed as Ola focuses on scaling revenue and improving operating leverage in FY26.

29May 25

Ola Electric Reports Widening Losses and Revenue Decline in Q4

Ola Electric Mobility's Q4 results show significant financial challenges. The company's consolidated net loss expanded to Rs 870.00 crore from Rs 416.00 crore year-over-year. Revenue dropped by 61.70% to Rs 611.00 crore, while EBITDA loss doubled to Rs 695.00 crore. These results contradict earlier claims of achieving operational profitability and align with ICRA's recent downgrade of Ola's rating to BBB+ with a negative outlook.

22May 25

Ola Electric Approves Rs 1,700 Crore Debt Funding Proposal

Ola Electric's board has approved raising up to Rs 1,700 crore (approximately $205 million) through various debt instruments including term loans, non-convertible debentures, and other debt securities. The funds will be raised via private placement within shareholder-approved borrowing limits. This significant capital infusion is likely aimed at expanding production capacity, investing in R&D, strengthening charging infrastructure, and enhancing the product portfolio in the rapidly growing Indian electric vehicle market.

20May 25

Ola Electric to Consider Fundraising Proposal on May 22

Ola Electric, the EV arm of ride-hailing company Ola, has announced a board meeting on May 22 to evaluate a fundraising proposal. While details about the size and purpose of the potential fundraise remain undisclosed, it could support various aspects of the company's operations including R&D, manufacturing expansion, charging infrastructure, and market growth efforts. This move comes amid rapid growth and increasing competition in India's electric vehicle market.

20May 25

Ola Electric to Consider Fundraising via NCDs Amid Stock Slump

Ola Electric Mobility Ltd. has announced a board meeting on May 22 to discuss potential fundraising through non-convertible debentures (NCDs) or other debt instruments via private placement. This move comes as the company's stock trades at 52.56, significantly below its IPO price of 76.00. The fundraising initiative aims to strengthen the company's financial position, fund growth initiatives, and demonstrate market confidence without diluting existing shareholder equity.

06May 25

Ola Electric Mobility Clarifies Perpetual License for 'Ola' Brand in Global EV Operations

Ola Electric Mobility Limited has issued a clarification regarding its license to use the 'Ola' brand for its electric vehicle (EV) business. The company holds a perpetual, royalty-free, non-exclusive, non-transferable, non-assignable, and revocable license for certain intellectual property, including the 'Ola' logo and word-mark. This license, granted under a Business Transfer Agreement dated January 18, 2019, allows Ola Electric to use the brand globally for its EV operations. The company emphasized that this information was previously disclosed in its prospectus and reaffirmed its commitment to compliance and transparent communication with stakeholders.

05May 25

Ola Electric Mobility Clarifies Perpetual License for 'Ola' Brand in EV Business

Ola Electric Mobility Limited has issued a clarification regarding its license to use the 'Ola' brand in its electric vehicle business. The company holds a perpetual, royalty-free, non-exclusive license for certain intellectual property, including the logo and word-mark 'Ola', valid globally for its EV operations. This license originates from a 2019 Business Transfer Agreement with ANI Technologies Private Limited. The clarification addresses recent media speculation about potential changes in intellectual property ownership.

05May 25

Ola Electric: Brand Ownership Clarified Amid Restructuring and Credit Rating Challenges

Ola Electric Mobility Ltd. has clarified its ownership of the 'Ola' brand amid reports of potential transfer to the founder's family office. The company asserts it holds a perpetual, royalty-free license for the brand in its EV business. Meanwhile, its subsidiary, Ola Cell Technologies, has been downgraded by ICRA from A3 to BBB- with a negative outlook due to increased competition, delayed profitability, and the parent company's weakening credit profile. The downgrade highlights execution risks, demand uncertainty, and raw material challenges in the EV sector.

03May 25

Ola Electric Faces Dual Challenges: Credit Downgrade and Regulatory Scrutiny

Ola Electric Technologies is experiencing significant challenges. Icra Ltd downgraded the company's debt rating due to sharp sales decline, widening losses, and cash burn concerns. April 2023 saw electric scooter registrations nearly halve to 19,709 units. FY23 losses are projected to reach ₹1,900-2,000 crore. The company faces intense competition and regulatory scrutiny. Ola Electric clarified recent allegations, stating that reported trades were routine ESOP transactions, not open market purchases.

02May 25

Ola Electric Faces Regulatory Scrutiny: Roadster X Delayed Amid SEBI Probe

Ola Electric, a leading Indian EV manufacturer, is under SEBI investigation for alleged insider trading and related-party transactions. The company has also delayed the delivery of its Roadster X motorcycle to May 2025, marking the second postponement. Additionally, Ola Electric's sales reporting practices have come under scrutiny after including 1,395 undelivered Roadster X bookings in February sales data.

30Apr 25

Ola Electric Sets May 2025 for Roadster X Motorcycle Deliveries

Ola Electric has officially announced that deliveries for its Roadster X motorcycle model will begin in May 2025. The company disclosed this information in a filing to the National Stock Exchange of India and BSE Limited on April 30, 2025, following an earlier intimation on April 11. This announcement provides clarity to customers and investors, demonstrating Ola's commitment to transparency and offering a concrete timeline for production and logistics planning.

29Apr 25

SEBI Investigates Ola Electric's Sales Disclosures Amid Festive Offers

SEBI has launched an investigation into Ola Electric's reported sales figures, focusing on potential discrepancies in February 2025 data. The probe comes as Ola introduces festive offers, including discounts up to ₹40,000 on its S1 portfolio. Despite the scrutiny, Ola continues expansion efforts, initiating same-day delivery programs and beginning production of its Roadster X motorcycle series.

28Apr 25

Ola Electric Launches '72-Hour Electric Rush' with Festive Offers and Extended Warranty

Ola Electric announces a 72-hour 'Electric Rush' event for Akshaya Tritiya, offering discounts up to ₹40,000 on its S1 electric scooter portfolio. The promotion includes free extended warranty on Gen 2 and Gen 3 models, with reduced starting prices. Gen-2 models now start at ₹67,499, while Gen-3 models begin at ₹73,999. The company also introduces #HyperDelivery, a same-day delivery service piloting in Bengaluru. The offer is valid from April 28 to April 30, 2025. Additionally, Ola Electric has launched its first Roadster X motorcycle with advanced features like brake-by-wire technology and Smart MoveOS 5.

26Apr 25

Ola Electric Faces Multiple Regulatory and Operational Challenges

Ola Electric is encountering significant challenges. The company faces regulatory scrutiny from CCPA and SEBI, has missed PLI scheme targets for battery production, and is experiencing delays in e-motorcycle homologation. Its experience centers in Maharashtra have received shutdown orders. These issues have contributed to a dramatic market share drop from 49% to 23%, potentially impacting investor confidence.

25Apr 25

Ola Electric Denies Knowledge of Store Closures Amid Regulatory Scrutiny

India's Transport Ministry has directly confronted Ola Electric, a leading EV manufacturer, regarding missing trade certificates. The company has received notices in four states but denies knowledge of any closure orders for its Maharashtra showrooms. This unprecedented action could have significant implications for Ola Electric's regulatory compliance, reputation, and the broader EV industry in India, potentially leading to increased scrutiny and stricter policies across the sector.

24Apr 25

Ola Electric Under Scrutiny: Transport Ministry Issues Showcause Notice Over Trade Certificates

The Indian Transport Ministry has issued a showcause notice to Ola Electric Mobility Ltd., demanding information on trade certificates, store operations, and vehicle deliveries within seven days. This action signals increased regulatory oversight in the EV sector and could have implications for Ola Electric's operations and market perception. The company must address concerns about regulatory compliance or face potential adverse action.

24Apr 25

Kirloskar Pneumatic Reports 33.9% Surge in Q4 Net Profit

Kirloskar Pneumatic Company announced a significant increase in its fourth-quarter net profit, rising 33.9% year-over-year to 806.00 million rupees from 602.00 million rupees. The company's strong financial performance suggests potential benefits from increased demand, operational efficiency improvements, favorable product mix, and effective cost control measures.

22Apr 25

Ola Electric Faces Regulatory Heat: Maharashtra Cracks Down on Unlicensed Stores

Maharashtra Transport Department has ordered the closure of over 100 unauthorized Ola Electric stores. 104 show cause notices were issued, 43 stores were closed down, and 214 vehicles were seized. The department demands an explanation from Ola Electric for non-compliance with regulatory requirements. This action could impact Ola's sales and distribution in one of India's largest markets and serves as a wake-up call for the entire EV industry regarding regulatory adherence.

21Apr 25

Ola Electric Faces Setback as Maharashtra Cracks Down on Unauthorized Stores

Ola Electric, a leading Indian EV manufacturer, is facing regulatory challenges in Maharashtra. The state government has ordered the closure of Ola Electric stores operating without proper trade certificates. Out of 131 stores inspected, 104 were found non-compliant, with 43 already closed and 214 scooters seized. This action could significantly impact Ola Electric's retail presence and sales in the region, potentially leading to disrupted sales, increased regulatory scrutiny, and affected consumer confidence. The incident highlights the importance of regulatory compliance in the growing EV sector and may have industry-wide implications.

16Apr 25

Olectra Greentech Poised to Benefit from Government's Massive Electric Bus Tender

The Indian government is set to launch a tender for 10,000 electric buses to be deployed across nine major cities. This initiative presents a significant opportunity for Olectra Greentech Limited, a key player in electric bus manufacturing. The large-scale procurement aims to promote sustainable urban transportation and reduce carbon emissions. While the tender details are yet to be announced, this move could potentially impact Olectra Greentech's growth and market position in the EV sector.

11Apr 25

Ola Electric Accelerates EV Revolution with First Roadster X Roll-out

Ola Electric has rolled out its first Roadster X motorcycle from its Futurefactory in Tamil Nadu. The series features industry-first innovations like brake-by-wire technology, flat cables, and a mid-drive motor. The Roadster X offers various models with battery capacities ranging from 2.5 kWh to 9.1 kWh, priced between ₹84,999 and ₹184,999. The top-end model boasts a 501 km range. Deliveries are set to begin in April 2025.

09Apr 25

Ola Electric Revamps Distribution Strategy, Rehires EY for Network Optimization

Ola Electric has rehired consulting firm EY for the second time in six months to strengthen its expanded distribution strategy. The company is implementing a direct-to-store retail model, eliminating warehouses from the distribution chain to improve delivery times and inventory management. This move comes amid challenges including sales figure discrepancies under investigation and regulatory compliance issues revealed by recent raids on Ola Electric stores.

09Apr 25

Ola Electric Bolsters Compliance and Expands Retail Network Amid Rapid Growth

Ola Electric has engaged Ernst & Young to strengthen regional compliance as it rapidly expands its retail network to 4,000 stores nationwide. The company is transitioning to a direct-to-store distribution model and has clarified its sales reporting process. Ola is also applying for trade certificates in Maharashtra following RTO raids and is moving its registration process in-house.

08Apr 25

Ola Electric Reports High Prepaid Orders, Clarifies Sales Data

Ola Electric announced that nearly 90% of their orders were fully paid at placement, indicating strong customer confidence. The company clarified its February sales figures, emphasizing that they represent paid and confirmed orders, including new product launches. Ola uses a tech-enabled direct-to-consumer sales model, recognizing revenue upon vehicle registration and delivery.

08Apr 25

Ola Electric Clarifies February 2024 Sales Data Amid Scrutiny

Ola Electric has addressed concerns about its February 2024 sales figures following questions from the Ministry of Road Transport and Highways. The company stated that 90% of reported orders were fully paid, representing genuine customers. Revenue is recognized only upon vehicle registration and delivery. This clarification comes after the Ministry requested information on vehicle registrations and trade certificates. The incident highlights the need for transparent reporting practices in India's growing EV market.

04Apr 25

Ola Electric Faces Regulatory Hurdle in Maharashtra Amid Launch of #HyperDelivery Initiative

Ola Electric, India's largest EV company, has been issued a notice by the Maharashtra government for allegedly operating without a valid trade certificate. Despite this setback, the company has launched #HyperDelivery, a program offering same-day vehicle registration and delivery. The initiative, which uses AI automation and in-house registration, is being piloted in Bangalore with plans for nationwide expansion.

03Apr 25

Ola Electric Revolutionizes EV Delivery with Same-Day 'Hyperdelivery' Service

Ola Electric has launched 'Hyperdelivery', a service allowing customers to receive fully registered electric vehicles on the same day of purchase. The AI-powered system streamlines the registration process, eliminating middlemen and reducing waiting times. Initially piloted in Bangalore, the service will be rolled out across India in the current quarter. Customers can complete purchases online or in-store and receive their registered vehicles within hours.

01Apr 25

Ola Electric Reports Strong March Sales, Clears Registration Backlog

Ola Electric announced sales of 23,430 units in March 2025, indicating robust demand across urban and rural markets. The company has made significant progress in clearing registration backlogs from February and improving daily registration volumes. Ola Electric also began deliveries of its Gen 3 portfolio in March, with demand exceeding initial expectations. The company plans to increase production in April to facilitate faster deliveries. In compliance with SEBI regulations, Ola Electric will close its trading window for insiders from April 1, 2025.

29Mar 25

Ola Electric Under Scrutiny: Transport Ministry Issues Showcause Notice Over Sales Discrepancy

India's transport ministry has issued a showcause notice to Ola Electric due to a significant mismatch in February sales records. The company claimed to have sold 25,000 electric scooters, but only 8,652 were officially registered. The notice addresses concerns about unregistered scooters, delivery without number plates, and sales without trade certificates. Authorities have conducted raids on Ola Electric stores and demanded explanations for the discrepancies.

28Mar 25

Ola Electric Under Scrutiny: Third Notice from Transport Ministry Over Sales Discrepancy

Ola Electric faces regulatory challenges as the Ministry of Road Transport and Highways issues a third notice over a mismatch in reported sales figures. The company claimed 25,000 electric scooter sales in February, but only 8,652 were officially registered. The ministry has given Ola Electric seven days to explain the discrepancy. The company is also facing regulatory actions in multiple states, including sealed showrooms, potentially impacting its operations and reputation in the competitive EV market.

25Mar 25

Ola Electric Resolves Financial Dispute with Rosmerta Group, NCLT Petitions Withdrawn

Ola Electric Mobility Limited has settled all outstanding dues with the Rosmerta Group. The Rosmerta Group has filed for withdrawal of petitions from NCLT, Bengaluru, which were previously submitted under Section 9 of the Insolvency and Bankruptcy Code. Ola Electric emphasized its commitment to maintaining strong business relationships and timely resolution of commercial issues. The company also announced upcoming investor and analyst meetings scheduled for March 27, April 1, and April 8, 2025.

22Mar 25

Ola Electric Accelerates into the Future with Nationwide Delivery of S1 Gen 3 Scooters

Ola Electric has begun nationwide deliveries of its S1 Gen 3 scooter lineup, offering models ranging from ₹79,999 to ₹169,999. The new generation features 20% increased peak power, 11% reduced cost, and 20% improved range. The lineup includes the mass-market S1 X series and high-performance S1 Pro and S1 Pro+ models, with top speeds up to 141 kmph and ranges up to 320 km. Ola has also entered the EV motorcycle market with the Roadster X series.

21Mar 25

Ola Electric Faces Regulatory Scrutiny: Maharashtra Orders Inspection Amid Sales Data Concerns

Ola Electric is under increased regulatory scrutiny due to discrepancies between reported sales and vehicle registrations. The Maharashtra government has ordered inspections of Ola Electric stores. The company has received inquiries from the Ministry of Heavy Industries and the Ministry of Road Transport and Highways. Ola attributes the registration backlog to vendor negotiations and expects to resolve issues by March 2025. The company has also received notices from four states regarding trade certificates for some stores. Ola Electric maintains that this is a temporary registration backlog and not a regulatory issue.

18Mar 25

Ola Electric Faces Regulatory Hurdles: Mumbai RTOs Inspect Stores for Missing Trade Certificates

Four Mumbai Regional Transport Offices (RTOs) inspected ten Ola Electric stores, revealing operations without necessary trade certificates. The RTOs confiscated ten electric scooters and served notices to the stores for explanation. This incident highlights the increasing regulatory scrutiny in India's EV sector and potential challenges for Ola Electric's operations in Mumbai.

17Mar 25

Ola Electric Mobility Faces Legal Challenge Amid Payment Dispute

Ola Electric Mobility, a major Indian EV company, is facing a lawsuit from Rosmerta Digital Services Ltd. over alleged payment defaults. Ola strongly denies these claims and plans legal action to protect its interests. This dispute comes amid reports of sales figure discrepancies and recent profitability guidance from the company. The situation could potentially impact investor confidence, financial performance, and Ola's reputation in the competitive EV market.

16Mar 25

Ola Electric Faces Legal Challenge: Rosmerta Files ₹18-20 Crore Payment Default Petition

Ola Electric is confronting a legal petition filed by Rosmerta Digital Services under the Insolvency and Bankruptcy Code, alleging a payment default of ₹18-20 crore. Ola strongly disputes these claims. Simultaneously, the company is under investigation by the Central Consumer Protection Authority. These developments could potentially impact Ola's operations and financial standing, with the possibility of initiating a Corporate Insolvency Resolution Process if the petition is admitted by the NCLT.

15Mar 25

Ola Electric Subsidiary Faces Insolvency Petition from Rosmerta Digital Services

Rosmerta Digital Services has filed a petition with the NCLT in Bengaluru to initiate insolvency proceedings against Ola Electric Technologies, a subsidiary of Ola Electric Mobility, over alleged payment defaults. Ola Electric disputes the claims and plans legal action. The case could potentially impact Ola Electric's operations, reputation, and investor confidence in the growing electric vehicle market.

12Mar 25

Ola Electric Revs Up Holi Celebrations with Massive Discounts and Operational Improvements

Ola Electric announces a Holi flash sale with discounts up to ₹26,750 on its S1 range of electric scooters, valid until March 17, 2025. The company reports significant operational improvements, including a monthly cost reduction of ₹90 crores and expects Automotive EBITDA breakeven by Q1 FY26. Ola has reduced average vehicle inventory from 35 to 20 days and decreased customer delivery time from 12 to 3-4 days. Daily vehicle registrations now exceed 800. The company has streamlined operations by closing regional warehouses and implementing direct shipping from factory to stores. Investor meetings are scheduled from March 17 to March 25, 2025.

12Mar 25

Ola Electric Mobility Achieves Major Milestone with Network Transformation and Cost Reduction Program

Ola Electric Mobility has completed its Network Transformation and OPEX Reduction Program, resulting in ₹90 crores monthly cost savings. The company expects Automotive segment EBITDA breakeven in Q1 FY26. Improvements include reduced inventory days, faster customer delivery times, and streamlined operations. Vehicle registration process enhancements have increased daily registrations to over 800. The company has scheduled investor meetings in Mumbai, Singapore, and virtually in March 2025.

12Mar 25

Ola Electric Mobility Slashes Costs by ₹90 Crore Monthly, Eyes EBITDA Breakeven

Ola Electric Mobility has implemented a Network Transformation and Opex Reduction Program, resulting in a ₹90 crore monthly cost reduction. The company expects to reach EBITDA breakeven in its automotive segment by Q1 FY26. Operational improvements include reduced inventory days, faster delivery times, and increased daily vehicle registrations. The full financial impact is anticipated from April 2025.

10Mar 25

Ola Electric Faces Regulatory Hurdles Amid Showroom Compliance Issues

Ola Electric, India's leading EV manufacturer, is facing severe regulatory challenges. Over 95% of its 3,400 showrooms lack required trade certificates, leading to raids, closures, and vehicle seizures by transport authorities. The company is also dealing with layoffs, product launch delays, and declining market share. This situation could significantly impact Ola's reputation, operations, and market position in India's EV sector.

06Mar 25

Ola Electric's Subsidiary Secures Rs 73.74 Crore PLI-Auto Scheme Incentive

Ola Electric Technologies Private Limited, a wholly-owned subsidiary of Ola Electric Mobility Limited, has been granted a Rs 73.74 crore incentive under the PLI-Auto Scheme for FY 2023-24. The sanction order, issued by the Ministry of Heavy Industries on March 5, 2025, is based on the company's Determined Sales Value achievement. This incentive is expected to boost Ola Electric's EV manufacturing capabilities and market position in India.

05Mar 25

Ola Electric Aims to Slash Registration Costs Amid PLI Scheme Challenges

Ola Electric plans to internalize vehicle registration to reduce costs from ₹1,500-1,800 to ₹300 per vehicle, but faces complications due to ₹17-18 crore dues to current provider Rosmerta. Discrepancies in February sales figures (25,000 claimed vs 8,390 registered) emerged. The company also received a notice from IFCI Limited regarding non-achievement of PLI ACC scheme milestones, to which Ola is preparing a response.

05Mar 25

Ola Electric Faces Government Notice for Missing PLI Target Amid Scheme Implementation Setback

Ola Electric's subsidiary, Ola Cell Technologies, received a notice from IFCI Ltd regarding non-achievement of Milestone-1 in the PLI ACC scheme. The company is preparing a response to address the concerns raised. This development could impact Ola Electric's benefits under the scheme and its strategy in the electric vehicle market.

04Mar 25

Ola Electric's PLI ACC Scheme Participation Faces Scrutiny Amid Milestone Concerns

Ola Electric Mobility Limited's subsidiary, Ola Cell Technologies Private Limited, entered a Programme Agreement for the PLI ACC scheme with the Ministry of Heavy Industries. However, IFCI Limited, the Project Management Agency, issued a letter on March 3, 2025, citing non-achievement of Milestone-1. Ola Electric is preparing a response to address the concerns raised.

04Mar 25

Ola Electric Misses Gigafactory Deadline Amid Internal Changes and Layoff Rumors

Ola Electric has failed to meet the deadline for starting cell manufacturing at its Gigafactory, receiving a letter from IFCI Ltd. regarding 'Non-Achievement of Milestone-1'. CEO Bhavish Aggarwal has introduced a new communication initiative called 'Kya Chal Raha Hai?', requiring employees to send weekly updates on their tasks. This comes amid reports of potential layoffs of over 1,000 employees as part of a strategy to reduce losses and streamline operations.

03Mar 25

Ola Electric: Shares Hit 52-Week Low Amid Major Layoff Reports

Ola Electric, a leading Indian EV manufacturer, is reportedly cutting more than 1,000 jobs to address financial losses. This marks the second major layoff in less than five months for the SoftBank-backed company. The news has caused Ola Electric's shares to drop 5% to a 52-week low. The layoffs span multiple departments and highlight the challenges facing India's rapidly growing but volatile EV market.

28Feb 25

Ola Electric Maintains EV Market Dominance with 25,000 Units Sold in February 2025

Ola Electric Mobility Limited reported sales of over 25,000 units in February 2025, capturing more than 28% of India's electric two-wheeler market. The company's success is attributed to its robust S1 portfolio and extensive sales-and-service network of 4,000 stores. Ola Electric has expanded into the EV motorcycle segment with its Roadster X series, offering models priced from ₹74,999 to ₹1,54,999. The company continues to innovate with MoveOS 5 beta, introducing advanced features like Brake by Wire and Smart Park. Ola Electric anticipates further growth with the imminent delivery of the Roadster X series next month.

19Feb 25

Ola Electric Aims to Streamline Operations Amidst Temporary Registration Challenges

Ola Electric announces plans to optimize its vehicle registration process, aiming to reduce costs and improve efficiency. This move is expected to enhance customer experience and potentially boost sales. However, the company also reports a temporary impact on February 2025 vehicle registrations due to ongoing negotiations, details of which remain undisclosed.